“It is important that consumers have choices when it comes to insurance coverage. Removing barriers to the development of a private market for flood insurance will help provide those options. The Market Parity and Modernization Act encourages new private market development as an alternative to the National Flood Insurance Program (NFIP) while maintaining strong consumer protections. We commend the House of Representatives for passing this bill, and thank Congressmen Dennis Ross (FL) and Patrick Murphy (FL) for their leadership. We encourage the Senate to act quickly to pass this bipartisan legislation.”